CPS Technologies secures phase II army STTR contract to continue controlled fragmentation warhead development
Sep. 22, 2025 4:09 PM ETCPS Technologies Corporation (CPSH) StockBy: Soumendra Mukherjee, SA News Editor
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CPS Technologies (NASDAQ:CPSH) on Monday said it has been awarded of a Phase II Small Business Technology Transfer (STTR) contract, funded by the U.S. Army Combat Capabilities Development Command (DEVCOM).
The two-year contract, valued at $1.15 million, builds on the success of the Phase I program and focuses on the development of a 40mm warhead variant.
Dr. Mark Occhionero, PhD, will continue as the principal investigator for the project.
CPSH +20.0% after hours to $4.38.
Source: Press Release
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